The project, slated for an N-shaped site at 1021-1033 and 1047-1051 Abbot Kinney Boulevard, would replace a series of small buildings, a garden, and a surface parking lot fronting Electric Avenue, while retaining more prominent structures. In their place, plans call for multiple two- and three-story buildings containing 78 hotel rooms, four apartments, approximately 2,000 square feet of office space, 8,500 square feet of retail and restaurant space above 175 vehicle parking stalls on three basement levels.

David Hertz & The Studio of Environmental Architecture is designing the Venice Place Project, which would employ "recycled, renewable, locally sourced, non-toxic, and reclaimed materials." Renderings show a series of pedestrian bridges linking the hotel buildings together, with a series of existing passageways to be maintained for pedestrian access at ground level.

Wynkoop's property wraps three separately owned parcels that are improved with offices and a building that once housed a church.

Construction of the Venice Place development is anticipated to occur over 18 months. The environmental impact report forecasts a construction timeline between May 2019 and late 2020, although that is just for the purposes of the study.